Portugal suffers greatest rise in farming produce prices in EU

 In Agriculture, Inflation, News

Portugal saw the highest increase in agricultural produce prices in the EU in the second quarter of 2023 with prices up 22% compared to an average 2% price hike in the rest of the EU.

This is according to data from Eurostat released on Tuesday. Between April and June the price of farming produce increased by 22%. Greece too suffered higher prices (21%) and Spain (16%) at the top of the table. All three countries were affected by the drought that had an impact on price inflation.
The products that most went up in price were lemons (89%), olive oil (48%) and potatoes (38%). “These price increases are to a large measure the result of the drought”, states Eurostat.
Among other products that suffered price inflation were eggs (31%), and pork (28%). On the other hand prices for some produce fell. Cereals fell 31% while poultry prices were down 4%. Milk prices remained more stable at -2%.